PoW

FTX CEO sees no future in Bitcoin payments, community fires back

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FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times. Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the … Read more

What Terra’s Collapse Teaches About ‘Crypto’ and Bitcoin

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As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency. Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to … Read more